38 International PMI – round up International PMI
Provider news round up – Latest developments from around the market AETNA COMPLETES PLAN REDESIGN
R 46 Product reviews
Aetna Global Benefits International Health Plan
Aetna Global Benefits (AGB) is the international segment of Aetna Inc, the US based global diversified healthcare benefits company that has over 35m customers worldwide. AGB includes Goodhealth Worldwide and has more than 400,000 members across the world.
PRODUCT
Aetna has revamped its core health benefits plans and now allows employers to select from one of four base plans and then to choose from a menu of up to 49 additional benefits. The four base International Health Plans are called Core, IHP Essential, IHP Plus and IHP Elite. This review focuses on the Elite product, which Aetna says is proving one of its most popular versions. IHP Elite includes the following main benefits (annual limits in GP£ shown):
Benefits denominated in Euros, GP Pounds or US Dollars
Maximum cover £1.6m per member per period of cover
Full refund for all main benefits including out- patient treatment.
Accidental damage to teeth Outside area of cover A&E treatment. Full refund, including out-patient treatment up to £315
AIDS cover up to £12,500 per person Congenital anomalies cover has been extended to include conditions identified in child dependents up to 12 months old
Chronic conditions up to £18,750 Evacuation costs
Home nursing up to 28 weeks Hospice care up to a lifetime £30,000 Injury or illness as an innocent bystander, up to £30,000 per incident
Inpatient psychiatric treatment up to 30 days Parental accommodation with children up to age 18
INTERNATIONAL PMI
Rehabilitation up to 120 days per medical condition Vaccinations and inoculations up to £325
Additional options can involve different levels of dental benefit, as well as reimbursements for routine pregnancy, wellness options, vision care, infertility treatment and more. Many of the options can be flexed, and a choice of excesses is available too. IHP members have access to Aetna’s wellness resources and services, including the online AGB wellness centre, cancer outreach programme and a health risk assessment tool available in 12 languages.
RATING PROS
✔ Can be flexed ✔ Useful and coherent wellness package
✔ CONS
✔ Choice of four plans with a wide choice of options
✘ IPMI can now offer a bewildering array of options
✘ Which can make price and benefits comparisons difficult
✘ Maximum financial limits overall and for some benefits
SELECT THIS PRODUCT
FOR...Firms with workers living and working outside the UK rating: 8 out of 10 HealthInsurance
www.hi-mag.com April 2011 ✘ LITERATURE
Information on the plans can be downloaded from the website.
WHAT THEY SAY
WHAT WE SAY "These new plans offer a wide choice of benefits than can be flexed so that each employee can have the benefits they want or need. We particularly like the wellness benefits and resources, which look to be more coherent than some."
Donna Otten, head of Aetna Global Benefits (AGB) said: “We recognise that employers need a comprehensive level of core health benefits and flexibility in plan design in order to meet the needs of their varied employee populations. We have redesigned our health plans to provide a richer level of base benefits to work with different budgets and included wellness features to help employees make positive changes that can lead to lasting healthy lifestyles. At the same time, we’ve provided the most flexible selection of add-ons and limits yet, so that employers can purchase the features they need to tailor benefits packages to cater for regionally diverse needs and make the most of their health care investments."
GROUPRISK
Andy Couchman FCII Cert PFS, technical editor, Health Insurance
CONTACT 01870 442 2676
A
WEBSITE
www.aetnaglobalbenefits.com
You can check out the plan’s pros and cons in our independent product review on page 46
Aetna, the iPMI provider which acquired Goodhealth Worldwide back in 2007, is stepping up its activity with
brokers with the launch of a new suite of International Healthcare Plans (IHP) for employers with globally mobile employees. It has also included its health risk assessment free of charge as part of its package of wellness tools and resources to encourage employees to adopt healthy behaviours. Employers can select from one of four base plans then choose from a menu of up to 49 additional benefits and limits.
UNDERWRITING DEVELOPMENTS AT ALLIANZ WWC Over the past five month’s, Allianz Worldwide Care, one of the largest providers of iPMI in the market, has been developing its underwriting guidelines in order to be able to provide cover for more pre-existing conditions. It is now in a position to offer cover, with the inclusion of a surcharge on the following medical conditions: overweight; asthma; poor dental health; allergic rhinitis; hypercholesterol; gout; hypertension; and thyroid disorders. Allianz WWC said the list is being expanded “continuously” and will be further developed to include even more medical conditions over the coming months.
NOW HEALTH CONTINUES BROKER ROLL OUT
Now Health’s Tim Mutton says the interest the provider has received since launch has exceeded its initial thee-month expectations.
After officially launching earlier this year, iPMI provider
Now Health International is close to signing up its 50th European broker. Headquartered in Hong Kong, Now Health’s core customer segments in the first instance will be individuals and families and groups of under 50 and in addition to targeting the traditional expatriate market, it is also planning to service the growing “local national” markets around the world.
For fi nancial adviser use only. Not approved for use with customers.
IMG EUROPE: NEW PRODUCTS, UNDERWRITING CHANGES – PLUS A NEW WEBSITE IMGEurope is making a number of changes to its current product offering, launching new products and developing its website. In addition to a number of new moratorium and underwriting options on its existing GlobalSelect plan, the provider is due to launch a new individual and family product into the market. The product, called GlobalFusion, will sit along- side GlobalSelect, IMGEurope said. The provider also has additional new products scheduled for launch later in the year and plans to launch a new IMG Europe website this month.
PRODUCT LAUNCHES APLENTY AT MORGAN PRICE In addition to the launch of its new Corporate Global HealthPlan, Morgan Price International Healthcare is set to launch GlobalTravel Explorer, an annual travel plan to cover trips up to 90 days. The provider is also understood to be preparing to launch GlobalHealth Educator, a plan specifically for students at University on sports scholarships, while a new budget plan is also in the pipeline. In addition to its current underwriters, Morgan Price, which itself is a managing general agent, now has a relationship with Inter Hannover.
AVIVA UK HEALTH’S MY HEALTH PASSPORT
My Health Passport is available at
www.aviva.co.uk/healthpassport or a print version can be requested from
hcpr@aviva.co.uk
Aviva UK Health has developed a service which enables customers to keep important records of their health and allow access to then information while abroad. “My Health Passport” is available in two formats: a short downloadable version to capture useful information such as personal details, blood group, illnesses and GP and insurance provider contact details, and a printed booklet to capture more comprehensive health information. This includes details relating to screenings, vaccinations, operations and wellness checks.
All the support you need to point IPMI clients in the right direction.
Achieve it with Aviva.
Our expert international sales team has a wide range of experience, providing relevant advice and support from quotation to renewal.
For more information, please call 0800 015 5255 or visit
www.avivainternationalsolutions.com
Aviva Health UK Limited. Registered in England Number 2464270. Registered Offi ce 8 Surrey Street Norwich NR1 3NG. This insurance is underwritten by Aviva Insurance UK Limited. Registered in England Number 99122. Registered Offi ce 8 Surrey Street Norwich NR1 3NG. Authorised and regulated by the Financial Services Authority. Aviva Health UK Limited, Head Offi ce: Chilworth House Hampshire Corporate Park Templars Way Eastleigh Hampshire SO53 3RY.
4573_IPMI_HI_Strip_Ad_190x65_AWR1.indd 1 HealthInsurance
www.hi-mag.com April 2011 2/2/11 11:22:20
T
H
S
E
U
A
L
R
T
T
H
C
E
S
H
T
E
S
A
U
L
T
R
H
E
C
A
R
R
C
E
H
T
R
T
U
A
S
E
T
H
S
H
T
E
S
A
U
L
T
R
H
E
C
A
R
R
A
E
H
T
R
T
U
A
S
E
T
H
S
L
C
T
S
L
A
T
S
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48